Robinhood Offers BTC Price Prediction Market with August 12 Deadline

The Robinhood Crypto Prediction Market is offering traders a chance to predict the price of Bitcoin on August 12, 2026 at 6am EDT. The market allows users to bet on whether the price will be above certain thresholds.

According to the contract details, there are several possible price ranges that can determine the outcome: $63,900 or above, $64,000 or above, $64,100 or above, and $64,200 or above. The payout for each correct prediction is also specified, with users receiving 84¢ if they bet on a price above $63,900.

The contract resolution will determine the outcome, and payouts will be made within one hour of event resolution. It's worth noting that traders can close their positions before the event resolves to avoid potential losses.

Additionally, there are restrictions for trading on this contract, including a prohibition on employees of certain agencies and individuals with material non-public information on Bitcoin.